0001019155-03-000046 Sample Contracts

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THE BANK OF NEW YORK
Deposit Agreement • January 30th, 2003 • Telkom Sa LTD

Re: Deposit Agreement dated as of ___________, 2003 (the "Deposit Agreement") among Telkom SA Limited, The Bank of New York, as Depositary, and all Owners and Beneficial Owners from time to time of American Depositary Receipts issued thereunder

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